Andrew Orr
The code for Apple's high-yield Savings account is live on the server's backend, and new examination of the code suggests that the launch will happen in the next few days.
Earlier on Thursday, Twitter user @aaronp613 discovered that the Apple Savings account backend is now active. It suggests Apple is finalizing the necessary steps to make the service available.
Aaron reexamined the code in a separate tweet and found a possible launch date for Monday, April 17. The code also suggests the Savings account will require iOS 16.3 or later to use the feature.
After re-examining the backend code, it seems like Apple Card Savings Accounts may go live on April 17
— Aaron (@aaronp613) April 13, 2023
Additionally, it seems like the customized Chinese Apple Pay transit cards may go live on April 18 https://t.co/ljJxjqaIFy
Customers can transfer their Daily Cash rewards from their Apple Card to their high-yield account in Apple Wallet when available. Goldman Sachs will provide the Savings account, just like the Apple Card.
In October, Apple revealed the savings account and promised it would be accessible soon. The function was mentioned in the release candidate notes for iOS 16.1, but it was not included in the final release.
William Gallagher
Christine McKee
AppleInsider Staff
Chip Loder
Malcolm Owen
21 Comments
We'll
be the judge of whether it's "high yield" or not.
Still waiting for any form of Apple Card or financial product in the UK. Given up hope.
Just before Tax Day!
I have had a HY savings with Goldman Sachs (Marcus) for a few years now and the rate I am getting is almost 4% now with no mandatory requirements other than having to use the Marcus app for access (good App). I am guessing Apple/GS will offer the same terms. AENB also offers same rate HY savings account.